0001297996 2023-01-01 2023-12-31 0001297996 dlr:PEO1Member 2023-01-01 2023-12-31 0001297996 dlr:PEO2Member 2023-01-01 2023-12-31 0001297996 dlr:PEO1Member 2022-01-01 2022-12-13 0001297996 dlr:PEO2Member 2022-12-14 2022-12-31 0001297996 2022-01-01 2022-12-31 0001297996 dlr:PEO1Member 2021-01-01 2021-12-31 0001297996 dlr:PEO2Member 2021-01-01 2021-12-31 0001297996 2021-01-01 2021-12-31 0001297996 dlr:PEO1Member 2020-01-01 2020-12-31 0001297996 dlr:PEO2Member 2020-01-01 2020-12-31 0001297996 2020-01-01 2020-12-31 0001297996 dlr:ExclusionOfStockAwardsForAndrewPPowerMember ecd:PeoMember 2023-01-01 2023-12-31 0001297996 dlr:InclusionOfEquityValuesForAndrewPPowerMember ecd:PeoMember 2023-01-01 2023-12-31 0001297996 dlr:AverageExclusionOfStockAwardsForNonPEONEOsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001297996 dlr:AverageInclusionOfEquityValuesForNonPEONEOsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001297996 dlr:YearEndFairValueOfEquityAwardsGrantedDuringYearThatRemainedUnvestedasOfLastDayOfYearForAndrewPPowerMember ecd:PeoMember 2023-01-01 2023-12-31 0001297996 dlr:ChangeInFairValueFromLastDayOfPriorYearToLastDayOfYearOfUnvestedEquityAwardsForAndrewPPowerMember ecd:PeoMember 2023-01-01 2023-12-31 0001297996 dlr:VestingDateFairValueOfEquityAwardsGrantedDuringYearThatVestedDuringYearForAndrewPPowerMember ecd:PeoMember 2023-01-01 2023-12-31 0001297996 dlr:ChangeInFairValueFromLastDayOfPriorYearToVestingDateOfUnvestedEquityAwardsThatVestedDuringYearForAndrewPPowerMember ecd:PeoMember 2023-01-01 2023-12-31 0001297996 dlr:FairValueAtLastDayOfPriorYearOfEquityAwardsForfeitedDuringYearForAndrewPPowerMember ecd:PeoMember 2023-01-01 2023-12-31 0001297996 dlr:ValueOfDividendsOrOtherEarningsPaidOnEquityAwardsNotOtherwiseIncludedForAndrewPPowerMember ecd:PeoMember 2023-01-01 2023-12-31 0001297996 dlr:TotalInclusionOfEquityValuesForAndrewPPowerMember ecd:PeoMember 2023-01-01 2023-12-31 0001297996 dlr:AverageYearEndFairValueOfEquityAwardsGrantedDuringYearThatRemainedUnvestedasOfLastDayOfYearForNonPEONEOsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001297996 dlr:AverageChangeInFairValueFromLastDayOfPriorYearToLastDayOfYearOfUnvestedEquityAwardsForNonPEONEOsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001297996 dlr:AverageVestingDateFairValueOfEquityAwardsGrantedDuringYearThatVestedDuringYearForNonPEONEOsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001297996 dlr:AverageChangeInFairValueFromLastDayOfPriorYearToVestingDateOfUnvestedEquityAwardsThatVestedDuringYearForNonPEONEOsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001297996 dlr:AverageFairValueAtLastDayOfPriorYearOfEquityAwardsForfeitedDuringYearForNonPEONEOsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001297996 dlr:AverageValueOfDividendsOrOtherEarningsPaidOnEquityAwardsNotOtherwiseIncludedForNonPEONEOsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001297996 dlr:TotalAverageOfEquityValuesForNonPEONEOsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001297996 1 2023-01-01 2023-12-31 0001297996 2 2023-01-01 2023-12-31 0001297996 3 2023-01-01 2023-12-31 iso4217:USD shares iso4217:USD shares pure false 0001297996 DEF 14A DIGITAL REALTY TRUST, INC. <h2 id="xdx_803_eecd--PvpTableTextBlock_dU_zgeIjO8c0tcd" style="font: 26pt Arial, Helvetica, Sans-Serif; margin: 0pt; color: rgb(3,83,165)"><span id="ldlra049"></span>Pay Versus Performance Disclosure</h2> <p style="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0"> </p> <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">In accordance with rules adopted by the SEC pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation for our principal executive officers (“PEOs”) and our named executive officers other than our PEOs (“Non-PEO NEOs”) and Company performance for the fiscal years listed below. The Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown.</p> <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_30A_z0VdKebe9dAa" style="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Pay vs Performance Disclosure"> <tr style="vertical-align: bottom"> <td style="padding-left: 3pt"> </td><td style="font-weight: bold">  </td> <td style="font-weight: bold; text-align: right">Summary</td><td style="font-weight: bold">  </td> <td style="font-weight: bold; text-align: right">Summary</td><td>  </td> <td style="text-align: right"> </td><td>  </td> <td style="text-align: right"> </td><td style="font-weight: bold">  </td> <td style="font-weight: bold; text-align: right">Average<br/> Summary<br/> Compensation</td><td style="font-weight: bold">  </td> <td style="font-weight: bold; text-align: right">Average<br/> Compensation</td><td style="font-weight: bold; text-align: left">  </td> <td colspan="3" style="border-bottom: Black 1px solid; font-weight: bold; text-align: center"><b>Value of Initial</b><br/> <b>Fixed $100</b><br/> <b>Investment</b><br/> <b>based on:⁴</b></td><td>  </td> <td style="text-align: right"> </td><td>  </td> <td style="text-align: right; padding-right: 3pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1px solid; white-space: nowrap; font-weight: bold; padding-left: 3pt">Year</td><td style="border-bottom: Black 1px solid; white-space: nowrap; font-weight: bold"> </td> <td style="border-bottom: Black 1px solid; white-space: nowrap; font-weight: bold; text-align: right"><b>Compensation </b><br/> <b>Table Total for</b><br/> <b>PEO 1⁽¹⁾</b><br/> <b>($)</b></td><td style="border-bottom: Black 1px solid; white-space: nowrap; font-weight: bold"> </td> <td style="border-bottom: Black 1px solid; white-space: nowrap; font-weight: bold; text-align: right"><b>Compensation</b><br/> <b>Table Total for</b><br/> <b>PEO 2⁽¹⁾</b><br/> <b>($)</b></td><td style="border-bottom: Black 1px solid; white-space: nowrap; font-weight: bold"> </td> <td style="border-bottom: Black 1px solid; white-space: nowrap; font-weight: bold; text-align: right"><b>Compensation</b><br/> <b>Actually Paid</b><br/> <b>to PEO 1^(1)(2)(3)</b><br/> <b>($)</b></td><td style="border-bottom: Black 1px solid; white-space: nowrap; font-weight: bold"> </td> <td style="border-bottom: Black 1px solid; white-space: nowrap; font-weight: bold; text-align: right"><b>Compensation</b><br/> <b>Actually Paid</b><br/> <b>to PEO 2^(1)(2)(3)</b><br/> <b>($)</b></td><td style="border-bottom: Black 1px solid; white-space: nowrap; font-weight: bold"> </td> <td style="border-bottom: Black 1px solid; white-space: nowrap; font-weight: bold; text-align: right"><b>Table Total</b><br/> <b>for Non-PEO</b><br/> <b>NEOs⁽¹⁾</b><br/> <b>($)</b></td><td style="border-bottom: Black 1px solid; white-space: nowrap; font-weight: bold"> </td> <td style="border-bottom: Black 1px solid; white-space: nowrap; font-weight: bold; text-align: right"><b>Actually Paid</b><br/> <b>to Non-PEO</b><br/> <b>NEOs^(1)(2)(3)</b><br/> <b>($)</b></td><td style="border-bottom: Black 1px solid; white-space: nowrap; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1px solid; white-space: nowrap; font-weight: bold; text-align: right">TSR<br/> ($)</td><td style="border-bottom: Black 1px solid; white-space: nowrap; font-weight: bold">  </td> <td style="border-bottom: Black 1px solid; white-space: nowrap; font-weight: bold; text-align: right">Peer<br/> Group<br/> TSR<br/> ($)</td><td style="border-bottom: Black 1px solid; white-space: nowrap; font-weight: bold"> </td> <td style="border-bottom: Black 1px solid; white-space: nowrap; font-weight: bold; text-align: right">Net<br/> Income<br/> ($ Thousands)</td><td style="border-bottom: Black 1px solid; white-space: nowrap; font-weight: bold"> </td> <td style="border-bottom: Black 1px solid; white-space: nowrap; font-weight: bold; text-align: right; padding-right: 3pt"><b>Core FFO</b><br/> <b>Per Share⁽⁵⁾</b><br/> <b>($)</b></td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1px solid; width: 12%; text-align: right; padding-left: 3pt">2023</td><td style="border-bottom: Black 1px solid; width: 1%"> </td> <td id="xdx_981_eecd--PeoTotalCompAmt_c20230101__20231231__ecd--IndividualAxis__custom--PEO1Member_fKDEp_znLdT3aTaAh6" style="border-bottom: Black 1px solid; width: 9%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0014">—</span></td><td style="border-bottom: Black 1px solid; width: 1%"> </td> <td id="xdx_982_eecd--PeoTotalCompAmt_c20230101__20231231__ecd--IndividualAxis__custom--PEO2Member_fKDEp_zT8ffLuD39Ng" style="border-bottom: Black 1px solid; width: 9%; text-align: right">12,355,560</td><td style="border-bottom: Black 1px solid; width: 1%"> </td> <td id="xdx_987_eecd--PeoActuallyPaidCompAmt_c20230101__20231231__ecd--IndividualAxis__custom--PEO1Member_fKDEpKDIpKDMp_zr3WhiqDgxjk" style="border-bottom: Black 1px solid; width: 9%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0016">—</span></td><td style="border-bottom: Black 1px solid; width: 1%"> </td> <td id="xdx_983_eecd--PeoActuallyPaidCompAmt_c20230101__20231231__ecd--IndividualAxis__custom--PEO2Member_fKDEpKDIpKDMp_ztUs0RvJQ7s1" style="border-bottom: Black 1px solid; width: 9%; text-align: right">22,300,154</td><td style="border-bottom: Black 1px solid; width: 1%"> </td> <td id="xdx_988_eecd--NonPeoNeoAvgTotalCompAmt_c20230101__20231231_fKDEp_zu2tgPvjFZ9e" style="border-bottom: Black 1px solid; width: 9%; text-align: right">3,688,215</td><td style="border-bottom: Black 1px solid; width: 1%"> </td> <td id="xdx_981_eecd--NonPeoNeoAvgCompActuallyPaidAmt_c20230101__20231231_fKDEpKDIpKDMp_zfHY1qsRNOlf" style="border-bottom: Black 1px solid; width: 9%; text-align: right">6,285,640 </td><td style="border-bottom: Black 1px solid; width: 1%; text-align: left"> </td> <td id="xdx_98C_eecd--TotalShareholderRtnAmt_pp2d_c20230101__20231231_fKDQp_zc3tf3Vp1Qp2" style="border-bottom: Black 1px solid; width: 4%; text-align: right">130.06</td><td style="border-bottom: Black 1px solid; width: 1%"> </td> <td id="xdx_985_eecd--PeerGroupTotalShareholderRtnAmt_pp2d_c20230101__20231231_fKDQp_z6ByVzGXY3lj" style="border-bottom: Black 1px solid; width: 4%; text-align: right">113.54</td><td style="border-bottom: Black 1px solid; width: 1%"> </td> <td id="xdx_982_eus-gaap--ProfitLoss_pn3n3_uUSD_c20230101__20231231_zh06ag4Kaqs3" style="border-bottom: Black 1px solid; width: 8%; text-align: right">950,312</td><td style="border-bottom: Black 1px solid; width: 1%"> </td> <td id="xdx_984_eecd--CoSelectedMeasureAmt_pid_uUSDPShares_c20230101__20231231_fKDUp_zxOPN9J01E7e" style="border-bottom: Black 1px solid; width: 8%; text-align: right; padding-right: 3pt">6.59</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1px solid; text-align: right; padding-left: 3pt">2022</td><td style="border-bottom: Black 1px solid"> </td> <td id="xdx_984_eecd--PeoTotalCompAmt_c20220101__20221213__ecd--IndividualAxis__custom--PEO1Member_fKDEp_zv8lh8e8rX69" style="border-bottom: Black 1px solid; text-align: right">23,695,471</td><td style="border-bottom: Black 1px solid"> </td> <td id="xdx_987_eecd--PeoTotalCompAmt_c20221214__20221231__ecd--IndividualAxis__custom--PEO2Member_fKDEp_zlpkwXAVSDR6" style="border-bottom: Black 1px solid; text-align: right">6,835,895</td><td style="border-bottom: Black 1px solid"> </td> <td id="xdx_980_eecd--PeoActuallyPaidCompAmt_c20220101__20221213__ecd--IndividualAxis__custom--PEO1Member_fKDEpKDIpKDMp_zUDbCGI35V84" style="border-bottom: Black 1px solid; text-align: right">(14,083,891</td><td style="border-bottom: Black 1px solid">)</td> <td id="xdx_98C_eecd--PeoActuallyPaidCompAmt_c20221214__20221231__ecd--IndividualAxis__custom--PEO2Member_fKDEpKDIpKDMp_zQck139XGL41" style="border-bottom: Black 1px solid; text-align: right">(6,498,305</td><td style="border-bottom: Black 1px solid">)</td> <td id="xdx_984_eecd--NonPeoNeoAvgTotalCompAmt_c20220101__20221231_fKDEp_zDE7aCorpt2h" style="border-bottom: Black 1px solid; text-align: right">4,415,342</td><td style="border-bottom: Black 1px solid"> </td> <td id="xdx_98D_eecd--NonPeoNeoAvgCompActuallyPaidAmt_c20220101__20221231_fKDEpKDIpKDMp_zn4fkK8zGvz3" style="border-bottom: Black 1px solid; text-align: right">(1,811,344 </td><td style="border-bottom: Black 1px solid; text-align: left">) </td> <td id="xdx_987_eecd--TotalShareholderRtnAmt_pp2d_c20220101__20221231_fKDQp_zYTsjz0yN8C2" style="border-bottom: Black 1px solid; text-align: right">92.96</td><td style="border-bottom: Black 1px solid"> </td> <td id="xdx_986_eecd--PeerGroupTotalShareholderRtnAmt_pp2d_c20220101__20221231_fKDQp_zwARaj5otnob" style="border-bottom: Black 1px solid; text-align: right">99.82</td><td style="border-bottom: Black 1px solid"> </td> <td id="xdx_987_eus-gaap--ProfitLoss_pn3n3_uUSD_c20220101__20221231_zeZFetEkLPX2" style="border-bottom: Black 1px solid; text-align: right">380,325</td><td style="border-bottom: Black 1px solid"> </td> <td id="xdx_988_eecd--CoSelectedMeasureAmt_pid_uUSDPShares_c20220101__20221231_fKDUp_zAzEo4quHb12" style="border-bottom: Black 1px solid; text-align: right; padding-right: 3pt">6.70</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1px solid; text-align: right; padding-left: 3pt">2021</td><td style="border-bottom: Black 1px solid"> </td> <td id="xdx_98B_eecd--PeoTotalCompAmt_c20210101__20211231__ecd--IndividualAxis__custom--PEO1Member_fKDEp_zQpoPIqmBob8" style="border-bottom: Black 1px solid; text-align: right">17,139,601</td><td style="border-bottom: Black 1px solid"> </td> <td id="xdx_989_eecd--PeoTotalCompAmt_c20210101__20211231__ecd--IndividualAxis__custom--PEO2Member_fKDEp_ziEGxw8wF0qh" style="border-bottom: Black 1px solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0035">—</span></td><td style="border-bottom: Black 1px solid"> </td> <td id="xdx_988_eecd--PeoActuallyPaidCompAmt_c20210101__20211231__ecd--IndividualAxis__custom--PEO1Member_fKDEpKDIpKDMp_zfMz37oipau9" style="border-bottom: Black 1px solid; text-align: right">30,533,169</td><td style="border-bottom: Black 1px solid"> </td> <td id="xdx_980_eecd--PeoActuallyPaidCompAmt_c20210101__20211231__ecd--IndividualAxis__custom--PEO2Member_fKDEpKDIpKDMp_zQcpk22UF70f" style="border-bottom: Black 1px solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0037">—</span></td><td style="border-bottom: Black 1px solid"> </td> <td id="xdx_984_eecd--NonPeoNeoAvgTotalCompAmt_c20210101__20211231_fKDEp_zAhPooNrhyi1" style="border-bottom: Black 1px solid; text-align: right">6,067,449</td><td style="border-bottom: Black 1px solid"> </td> <td id="xdx_988_eecd--NonPeoNeoAvgCompActuallyPaidAmt_c20210101__20211231_fKDEpKDIpKDMp_zFkoU6KF4wLj" style="border-bottom: Black 1px solid; text-align: right">7,770,066</td><td style="border-bottom: Black 1px solid; text-align: left"> </td> <td id="xdx_981_eecd--TotalShareholderRtnAmt_pp2d_c20210101__20211231_fKDQp_zSFRd8Ibzwol" style="border-bottom: Black 1px solid; text-align: right">157.39</td><td style="border-bottom: Black 1px solid"> </td> <td id="xdx_98F_eecd--PeerGroupTotalShareholderRtnAmt_pp2d_c20210101__20211231_fKDQp_zhr8jC6RYK65" style="border-bottom: Black 1px solid; text-align: right">132.23</td><td style="border-bottom: Black 1px solid"> </td> <td id="xdx_986_eus-gaap--ProfitLoss_pn3n3_uUSD_c20210101__20211231_zDN2vxjfv4W4" style="border-bottom: Black 1px solid; text-align: right">1,747,412</td><td style="border-bottom: Black 1px solid"> </td> <td id="xdx_981_eecd--CoSelectedMeasureAmt_pid_uUSDPShares_c20210101__20211231_fKDUp_zDNM5AwcVS64" style="border-bottom: Black 1px solid; text-align: right; padding-right: 3pt">6.53</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1px solid; text-align: right; padding-left: 3pt">2020</td><td style="border-bottom: Black 1px solid"> </td> <td id="xdx_988_eecd--PeoTotalCompAmt_c20200101__20201231__ecd--IndividualAxis__custom--PEO1Member_fKDEp_zeqpvUgf1MW1" style="border-bottom: Black 1px solid; text-align: right">17,789,395</td><td style="border-bottom: Black 1px solid"> </td> <td id="xdx_98D_eecd--PeoTotalCompAmt_c20200101__20201231__ecd--IndividualAxis__custom--PEO2Member_fKDEp_z80JkJmMsXi7" style="border-bottom: Black 1px solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0045">—</span></td><td style="border-bottom: Black 1px solid"> </td> <td id="xdx_986_eecd--PeoActuallyPaidCompAmt_c20200101__20201231__ecd--IndividualAxis__custom--PEO1Member_fKDEpKDIpKDMp_zZTci8JRwGHb" style="border-bottom: Black 1px solid; text-align: right">40,467,482</td><td style="border-bottom: Black 1px solid"> </td> <td id="xdx_98C_eecd--PeoActuallyPaidCompAmt_c20200101__20201231__ecd--IndividualAxis__custom--PEO2Member_fKDEpKDIpKDMp_z9hvfuLKztR" style="border-bottom: Black 1px solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0047">—</span></td><td style="border-bottom: Black 1px solid"> </td> <td id="xdx_982_eecd--NonPeoNeoAvgTotalCompAmt_c20200101__20201231_fKDEp_zryonb2Odw64" style="border-bottom: Black 1px solid; text-align: right">5,765,543</td><td style="border-bottom: Black 1px solid"> </td> <td id="xdx_98A_eecd--NonPeoNeoAvgCompActuallyPaidAmt_c20200101__20201231_fKDEpKDIpKDMp_zyLnKThsqZif" style="border-bottom: Black 1px solid; text-align: right">9,310,477 </td><td style="border-bottom: Black 1px solid; text-align: left"> </td> <td id="xdx_986_eecd--TotalShareholderRtnAmt_pp2d_c20200101__20201231_fKDQp_zXPf3EIm2fyi" style="border-bottom: Black 1px solid; text-align: right">120.46</td><td style="border-bottom: Black 1px solid"> </td> <td id="xdx_987_eecd--PeerGroupTotalShareholderRtnAmt_pp2d_c20200101__20201231_fKDQp_zbsZGxClKaLi" style="border-bottom: Black 1px solid; text-align: right">92.43</td><td style="border-bottom: Black 1px solid"> </td> <td id="xdx_98C_eus-gaap--ProfitLoss_pn3n3_uUSD_c20200101__20201231_zncGHcn4uZX3" style="border-bottom: Black 1px solid; text-align: right">362,730</td><td style="border-bottom: Black 1px solid"> </td> <td id="xdx_981_eecd--CoSelectedMeasureAmt_pid_uUSDPShares_c20200101__20201231_fKDUp_z5Tw5g7NI1G9" style="border-bottom: Black 1px solid; text-align: right; padding-right: 3pt">6.21</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 8pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="display: none; vertical-align: top; visibility: hidden"> <td style="display: none; padding-top: 3pt; width: 18pt; visibility: hidden"><span id="xdx_F02_zllAqUCfcuw6" style="display: none; color: rgb(26,26,26); visibility: hidden">(1)</span></td> <td style="display: none; padding-top: 3pt; visibility: hidden"><span id="xdx_F1D_zPj42JrExv0h" style="display: none; color: rgb(26,26,26); visibility: hidden">A. William Stein was our PEO from November 24, 2014 to December 13, 2022 (“PEO 1”). Andrew P. Power has been our PEO since December 13, 2022 (“PEO 2”). The individuals comprising the Non-PEO NEOs for each year presented are listed below.</span></td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 8pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="display: none; vertical-align: top; visibility: hidden"> <td style="display: none; width: 18pt; visibility: hidden"><span id="xdx_F0F_zgmf6uwfp6si" style="display: none; color: rgb(26,26,26); visibility: hidden">(2)</span></td> <td style="display: none; visibility: hidden"><span id="xdx_F15_zgGrDtZEIpc2" style="display: none; color: rgb(26,26,26); visibility: hidden">The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s PEOs or Non-PEO NEOs. These amounts reflect the compensation reported in the “Total” column of the Summary Compensation Table Total for the applicable fiscal year with certain adjustments (which, for fiscal year 2023, are described in footnote 3 below).</span></td></tr> <tr style="display: none; vertical-align: top; visibility: hidden"> <td style="display: none; padding-top: 3pt; visibility: hidden"><span id="xdx_F03_zA2iQySqo6o9" style="display: none; color: rgb(26,26,26); visibility: hidden">(3)</span></td> <td style="display: none; padding-top: 3pt; visibility: hidden"><span id="xdx_F14_z5JBkXP2vKud" style="display: none; color: rgb(26,26,26); visibility: hidden">Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEOs and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the “Stock Awards” column of the Summary Compensation Table.</span></td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 8pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="display: none; vertical-align: top; visibility: hidden"> <td style="display: none; padding-top: 3pt; width: 18pt; visibility: hidden"><span id="xdx_F0B_zpwWYWNvfsS7" style="display: none; color: rgb(26,26,26); visibility: hidden">(4)</span></td> <td style="display: none; padding-top: 3pt; visibility: hidden"><span id="xdx_F13_zo0AwBbLDZ03" style="display: none; color: rgb(26,26,26); visibility: hidden">The Peer Group TSR set forth in this table utilizes the MSCI US REIT Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Company’s and Operating Partnership’s Annual Report on Form 10-K for the year ended December 31, 2023. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the MSCI US REIT Index, respectively, assuming that all dividends (if any) were reinvested. Historical stock performance is not necessarily indicative of future stock performance.</span></td></tr> <tr style="display: none; vertical-align: top; visibility: hidden"> <td style="display: none; padding-top: 3pt; visibility: hidden"><span id="xdx_F07_zAZ3ZREsrexe" style="display: none; color: rgb(26,26,26); visibility: hidden">(5)</span></td> <td style="display: none; padding-top: 3pt; visibility: hidden"><span id="xdx_F1B_zEOiFnOLHl4h" style="display: none; color: rgb(26,26,26); visibility: hidden">We determined Core FFO to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in 2023. Core FFO may not have been the most important financial performance measure for prior years and we may determine a different financial performance measure to be the most important financial performance measure in future years. Core FFO is a non-GAAP metric. A reconciliation of net income to FFO and FFO to Core FFO is available in the Appendix of this Proxy Statement.</span></td></tr> </table> <p id="xdx_845_eecd--NamedExecutiveOfficersFnTextBlock_dU_zB99ehwpHCjh" style="margin-top: 0; margin-bottom: 0"></p> <p style="font: 3pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in"> </p> <p style="font: 3pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in"> </p> <table cellpadding="0" cellspacing="0" style="font: 8pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: -5pt; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 18pt; padding-top: 3pt"><span style="color: rgb(26,26,26)">(1)</span></td> <td style="padding-top: 3pt"><span style="color: rgb(26,26,26)"><span id="xdx_905_eecd--PeoName_c20220101__20221231_zmebk7yieCBl"><span id="xdx_905_eecd--PeoName_c20210101__20211231_zHYIxzL78q32"><span id="xdx_909_eecd--PeoName_c20200101__20201231_zxCyu7a0zEab">A. William Stein</span></span></span> was our PEO from November 24, 2014 to December 13, 2022 (“PEO 1”). <span id="xdx_905_eecd--PeoName_c20230101__20231231_zqweLbAInJD4">Andrew P. Power</span> has been our PEO since December 13, 2022 (“PEO 2”). The individuals comprising the Non-PEO NEOs for each year presented are listed below.</span></td></tr> </table> <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 8pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="padding-bottom: 1px; width: 18pt"> </td> <td style="border-bottom: Black 1px solid; padding-left: 3pt"><b>2020</b></td> <td style="border-bottom: Black 1px solid; width: 5%"> </td> <td style="border-bottom: Black 1px solid; width: 21%"><b>2021</b></td> <td style="border-bottom: Black 1px solid; width: 5%"> </td> <td style="border-bottom: Black 1px solid; width: 21%"><b>2022</b></td> <td style="border-bottom: Black 1px solid; width: 5%"> </td> <td style="border-bottom: Black 1px solid; width: 21%"><b>2023</b></td></tr> <tr style="vertical-align: top"> <td style="padding-bottom: 1px"> </td> <td style="border-bottom: Black 1px solid; padding-left: 3pt">Andrew P. Power</td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid">Andrew P. Power</td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid">Gregory S. Wright</td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid">Gregory S. Wright</td></tr> <tr style="vertical-align: top"> <td style="padding-bottom: 1px"> </td> <td style="border-bottom: Black 1px solid; padding-left: 3pt">Gregory S. Wright</td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid">David C. Ruberg</td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid">Corey J. Dyer</td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid">Matthew Mercier</td></tr> <tr style="vertical-align: top"> <td style="padding-bottom: 1px"> </td> <td style="border-bottom: Black 1px solid; padding-left: 3pt">Erich J. Sanchack</td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid">Gregory S. Wright</td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid">Christopher Sharp</td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid">Christopher Sharp</td></tr> <tr style="vertical-align: top"> <td style="padding-bottom: 1px"> </td> <td style="border-bottom: Black 1px solid; padding-left: 3pt">Christopher Sharp</td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid">Corey J. Dyer</td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid">Cindy A. Fiedelman</td></tr> <tr style="vertical-align: top"> <td style="padding-bottom: 1px"> </td> <td style="border-bottom: Black 1px solid; padding-left: 3pt"> </td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid">Corey J. Dyer</td></tr> </table> <p id="xdx_853_zNXpwTYbLs14" style="margin-top: 0; margin-bottom: 0"></p> <table cellpadding="0" cellspacing="0" style="font: 8pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 5pt; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 18pt"><span style="color: rgb(26,26,26)">(2)</span></td> <td><span style="color: rgb(26,26,26)">The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s PEOs or Non-PEO NEOs. These amounts reflect the compensation reported in the “Total” column of the Summary Compensation Table Total for the applicable fiscal year with certain adjustments (which, for fiscal year 2023, are described in footnote 3 below).</span></td></tr> <tr style="vertical-align: top"> <td style="padding-top: 3pt"><span style="color: rgb(26,26,26)">(3)</span></td> <td style="padding-top: 3pt"><span style="color: rgb(26,26,26)">Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEOs and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the “Stock Awards” column of the Summary Compensation Table.</span></td></tr> </table> <p id="xdx_849_eecd--AdjToPeoCompFnTextBlock_dU_zl777DCiIQB3" style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0"> </p> <p id="xdx_898_eecd--AdjToNonPeoNeoCompFnTextBlock_dU_zkgrtD74ENra" style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_300_z8nbT4KixKx9" style="font: 8pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Pay vs Performance Disclosure"> <tr> <td style="vertical-align: bottom; width: 18pt"> </td> <td style="vertical-align: bottom; padding-left: 3pt"> </td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right"><b>Summary Compensation</b></td> <td style="vertical-align: bottom; width: 3%"> </td> <td style="vertical-align: bottom; width: 22%"> </td> <td style="vertical-align: top; width: 3%; text-align: right"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right"><b>Inclusion</b></td> <td style="vertical-align: top; width: 3%; text-align: right"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right"><b>Compensation</b></td> <td style="width: 3pt"> </td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; padding-left: 3pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"><b>Table Total for</b></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>Exclusion of Stock Awards for</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>of Equity Values for</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>Actually Paid to</b></td> <td> </td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; padding-left: 3pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"><b>Andrew P. Power</b></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"><b>Andrew P. Power</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>Andrew P. Power</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>Andrew P. Power</b></td> <td> </td></tr> <tr> <td style="padding-bottom: 1px; vertical-align: bottom"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; padding-left: 3pt"><b>Year</b></td> <td style="border-bottom: Black 1px solid; vertical-align: bottom"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right"><b>($)</b></td> <td style="border-bottom: Black 1px solid; vertical-align: bottom"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right"><b>($)</b></td> <td style="border-bottom: Black 1px solid; vertical-align: top; text-align: right"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right"><b>($)</b></td> <td style="border-bottom: Black 1px solid; vertical-align: top; text-align: right"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right"><b>($)</b></td> <td style="border-bottom: Black 1px solid"> </td></tr> <tr> <td style="padding-bottom: 1px; vertical-align: bottom"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; padding-left: 3pt">2023</td> <td style="border-bottom: Black 1px solid; vertical-align: bottom"> </td> <td id="xdx_982_eecd--PeoTotalCompAmt_c20230101__20231231__ecd--IndividualAxis__custom--PEO2Member_fKDEp_zdhiseZudLie" style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right">12,355,560</td> <td style="border-bottom: Black 1px solid; vertical-align: bottom"> </td> <td id="xdx_985_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--ExclusionOfStockAwardsForAndrewPPowerMember_zA4R8Lbm8Gqd" style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right">(8,952,335</td> <td style="border-bottom: Black 1px solid; vertical-align: top; text-align: left">)</td> <td id="xdx_98C_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--InclusionOfEquityValuesForAndrewPPowerMember_fKGEp_zzrvTYqYZQfl" style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right">18,896,929</td> <td style="border-bottom: Black 1px solid; vertical-align: top; text-align: right"> </td> <td id="xdx_98D_eecd--PeoActuallyPaidCompAmt_c20230101__20231231__ecd--IndividualAxis__custom--PEO2Member_fKDEpKDMp_zHDKQDJnUI11" style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right">22,300,154</td> <td style="border-bottom: Black 1px solid"> </td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; padding-left: 3pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td> </td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; padding-left: 3pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"><b>Average Summary</b></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"><b>Average Exclusion</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>Average Inclusion</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>Average Compensation</b></td> <td> </td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; padding-left: 3pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"><b>Compensation Table Total</b></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"><b>of Stock Awards</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>of Equity Values</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>Actually Paid to</b></td> <td> </td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; padding-left: 3pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"><b>for Non-PEO NEOs</b></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"><b>for Non-PEO NEOs</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>for Non-PEO NEOs</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>Non-PEO NEOs</b></td> <td> </td></tr> <tr> <td style="padding-bottom: 1px; vertical-align: bottom"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; padding-left: 3pt"><b>Year</b></td> <td style="border-bottom: Black 1px solid; vertical-align: bottom"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right"><b>($)</b></td> <td style="border-bottom: Black 1px solid; vertical-align: bottom"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right"><b>($)</b></td> <td style="border-bottom: Black 1px solid; vertical-align: top; text-align: right"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right"><b>($)</b></td> <td style="border-bottom: Black 1px solid; vertical-align: top; text-align: right"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right"><b>($)</b></td> <td style="border-bottom: Black 1px solid"> </td></tr> <tr> <td style="padding-bottom: 1px; vertical-align: bottom"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; padding-left: 3pt">2023</td> <td style="border-bottom: Black 1px solid; vertical-align: bottom"> </td> <td id="xdx_981_eecd--NonPeoNeoAvgTotalCompAmt_c20230101__20231231_fKDUp_zzZqDYlORUN" style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right">3,688,215</td> <td style="border-bottom: Black 1px solid; vertical-align: bottom"> </td> <td id="xdx_986_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--AverageExclusionOfStockAwardsForNonPEONEOsMember_zBa8gxHxki54" style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right">(2,243,596</td> <td style="border-bottom: Black 1px solid; vertical-align: top; text-align: left">)</td> <td id="xdx_988_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--AverageInclusionOfEquityValuesForNonPEONEOsMember_fKGEp_zG7TTP6atML7" style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right">4,841,021</td> <td style="border-bottom: Black 1px solid; vertical-align: top; text-align: right"> </td> <td id="xdx_986_eecd--NonPeoNeoAvgCompActuallyPaidAmt_c20230101__20231231_fKDYp_zsApWkVSk6k6" style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right">6,285,640</td> <td style="border-bottom: Black 1px solid"> </td></tr> </table> <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"> </p> <div style="border-bottom: Silver 4px solid; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%"><tr><td style="text-align: center; width: 100%"> </td></tr></table></div> <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"></div> <p style="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 18pt; color: #1A1A1A">The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:</p> <p style="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; color: #1A1A1A"> </p> <table cellpadding="0" cellspacing="0" id="xdx_300_zWNxczs6Qr4" style="font: 8pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Pay vs Performance Disclosure"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1px; font-weight: bold; text-align: left; width: 18pt">    </td> <td style="border-bottom: Black 1px solid; padding-left: 3pt; font-weight: bold; text-align: left">Year</td><td style="border-bottom: Black 1px solid; font-weight: bold; width: 1%">  </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 12%">Year-End Fair<br/> Value of Equity<br/> Awards Granted<br/> During Year That<br/> Remained Unvested<br/> as of Last Day of<br/> Year for<br/> Andrew P. Power<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 1%">  </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 12%">Change in Fair<br/> Value from Last<br/> Day of Prior Year<br/> to Last Day of<br/> Year of Unvested<br/> Equity Awards for<br/> Andrew P. Power<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 1%">  </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 12%">Vesting-Date Fair<br/> Value of Equity<br/> Awards Granted<br/> During Year that<br/> Vested During<br/> Year for<br/> Andrew P. Power<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 1%">  </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 12%">Change in Fair<br/> Value from Last<br/> Day of Prior Year<br/> to Vesting Date<br/> of Unvested<br/> Equity Awards <br/> that Vested<br/> During Year for<br/> Andrew P. Power<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 1%">  </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 12%">Fair Value at Last Day<br/> of Prior Year of Equity<br/> Awards Forfeited<br/> During Year for<br/> Andrew P. Power<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 1%">  </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 12%">Value of Dividends<br/> or Other Earnings<br/> Paid on Equity<br/> Awards Not<br/> Otherwise<br/> Included for<br/> Andrew P. Power<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 1%">  </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 12%">Total - Inclusion<br/> of Equity Values<br/> for Andrew<br/> P. Power<br/> ($)</td> <td style="border-bottom: Black 1px solid; text-align: right; width: 3pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1px; text-align: left"> </td> <td style="border-bottom: Black 1px solid; padding-left: 3pt; text-align: left">2023</td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_986_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--YearEndFairValueOfEquityAwardsGrantedDuringYearThatRemainedUnvestedasOfLastDayOfYearForAndrewPPowerMember_z5Tonk0iVeM9" style="border-bottom: Black 1px solid; text-align: right">15,003,788</td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_984_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--ChangeInFairValueFromLastDayOfPriorYearToLastDayOfYearOfUnvestedEquityAwardsForAndrewPPowerMember_ztifI36CQ2n8" style="border-bottom: Black 1px solid; text-align: right">3,595,956</td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_985_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--VestingDateFairValueOfEquityAwardsGrantedDuringYearThatVestedDuringYearForAndrewPPowerMember_zeYjxqs9Aghc" style="border-bottom: Black 1px solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0081">—</span></td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_983_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--ChangeInFairValueFromLastDayOfPriorYearToVestingDateOfUnvestedEquityAwardsThatVestedDuringYearForAndrewPPowerMember_z0AfODxBMhm3" style="border-bottom: Black 1px solid; text-align: right">297,185</td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_98C_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--FairValueAtLastDayOfPriorYearOfEquityAwardsForfeitedDuringYearForAndrewPPowerMember_zxB9Awsmmlcj" style="border-bottom: Black 1px solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0083">—</span></td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_988_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--ValueOfDividendsOrOtherEarningsPaidOnEquityAwardsNotOtherwiseIncludedForAndrewPPowerMember_zPWFFyHhe2L3" style="border-bottom: Black 1px solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0084">—</span></td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_987_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--TotalInclusionOfEquityValuesForAndrewPPowerMember_z4KyRITb6P6b" style="border-bottom: Black 1px solid; text-align: right">18,896,929</td> <td style="border-bottom: Black 1px solid; text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: left"> </td> <td style="padding-left: 3pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1px; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1px solid; padding-left: 3pt; font-weight: bold; text-align: left">Year</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right">Average<br/> Year-End Fair<br/> Value of Equity<br/> Awards Granted<br/> During Year<br/> That Remained<br/> Unvested as of<br/> Last Day of Year<br/> for Non-PEO<br/> NEOs<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right">Average<br/> Change in Fair<br/> Value from Last<br/> Day of Prior Year<br/> to Last Day of<br/> Year of Unvested<br/> Equity Awards for<br/> Non-PEO NEOs<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right">Average<br/> Vesting-Date Fair<br/> Value of Equity<br/> Awards Granted<br/> During Year that<br/> Vested During<br/> Year for<br/> Non-PEO NEOs<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right">Average Change<br/> in Fair Value from<br/> Last Day of Prior<br/> Year to Vesting<br/> Date of Unvested<br/> Equity Awards<br/> that Vested<br/> During Year for<br/> Non-PEO NEOs<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right">Average Fair Value at<br/> Last Day of Prior Year<br/> of Equity Awards<br/> Forfeited During Year<br/> for Non-PEO NEOs<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right">Average Value<br/> of Dividends or<br/> Other Earnings<br/> Paid on Equity<br/> Awards Not<br/> Otherwise<br/> Included for<br/> Non-PEO NEOs<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right">Total - Average<br/> Inclusion of<br/> Equity Values for<br/> Non-PEO NEOs<br/> ($)</td> <td style="border-bottom: Black 1px solid; text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1px; text-align: left"> </td> <td style="border-bottom: Black 1px solid; padding-left: 3pt; text-align: left">2023</td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_986_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--AverageYearEndFairValueOfEquityAwardsGrantedDuringYearThatRemainedUnvestedasOfLastDayOfYearForNonPEONEOsMember_z09oFj8YKgd1" style="border-bottom: Black 1px solid; text-align: right">3,243,906</td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_981_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--AverageChangeInFairValueFromLastDayOfPriorYearToLastDayOfYearOfUnvestedEquityAwardsForNonPEONEOsMember_zNzv8CjnqzSj" style="border-bottom: Black 1px solid; text-align: right">1,174,598</td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_98A_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--AverageVestingDateFairValueOfEquityAwardsGrantedDuringYearThatVestedDuringYearForNonPEONEOsMember_zAZt9H6roeK4" style="border-bottom: Black 1px solid; text-align: right">422,534</td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_98E_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--AverageChangeInFairValueFromLastDayOfPriorYearToVestingDateOfUnvestedEquityAwardsThatVestedDuringYearForNonPEONEOsMember_zJERO6RV8Jti" style="border-bottom: Black 1px solid; text-align: right">157,348</td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_98F_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--AverageFairValueAtLastDayOfPriorYearOfEquityAwardsForfeitedDuringYearForNonPEONEOsMember_znrfhCeOMZ69" style="border-bottom: Black 1px solid; text-align: right">(157,365)</td><td style="border-bottom: Black 1px solid; text-align: left"> </td> <td id="xdx_984_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--AverageValueOfDividendsOrOtherEarningsPaidOnEquityAwardsNotOtherwiseIncludedForNonPEONEOsMember_zB3fXljFtAih" style="border-bottom: Black 1px solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0091">—</span></td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_982_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--TotalAverageOfEquityValuesForNonPEONEOsMember_zq9gE0keEoGc" style="border-bottom: Black 1px solid; text-align: right">4,841,021</td> <td style="border-bottom: Black 1px solid; text-align: right"> </td></tr> </table> <p id="xdx_8A3_zIyh5nZLqKwc" style="margin-top: 0; margin-bottom: 0"> </p> <p id="xdx_854_zaUFBtVpNz4k" style="margin-top: 0; margin-bottom: 0"> </p> <p id="xdx_843_eecd--PeerGroupIssuersFnTextBlock_dU_zHtxDqzllDV5" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 8pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: -40pt; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 18pt; padding-top: 3pt"><span style="color: rgb(26,26,26)">(4)</span></td> <td style="padding-top: 3pt"><span style="color: rgb(26,26,26)">The Peer Group TSR set forth in this table utilizes the MSCI US REIT Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Company’s and Operating Partnership’s Annual Report on Form 10-K for the year ended December 31, 2023. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the MSCI US REIT Index, respectively, assuming that all dividends (if any) were reinvested. Historical stock performance is not necessarily indicative of future stock performance.</span></td></tr> </table> <p id="xdx_85F_zJUtLtHeSVSj" style="margin: 0"></p> <table cellpadding="0" cellspacing="0" style="font: 8pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="padding-top: 3pt; width: 18pt"><span style="color: rgb(26,26,26)">(5)</span></td> <td style="padding-top: 3pt"><span style="color: rgb(26,26,26)">We determined Core FFO to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in 2023. Core FFO may not have been the most important financial performance measure for prior years and we may determine a different financial performance measure to be the most important financial performance measure in future years. Core FFO is a non-GAAP metric. A reconciliation of net income to FFO and FFO to Core FFO is available in the Appendix of this Proxy Statement.</span></td></tr> </table> 12355560 22300154 3688215 6285640 130.06 113.54 950312000 6.59 23695471 6835895 -14083891 -6498305 4415342 -1811344 92.96 99.82 380325000 6.70 17139601 30533169 6067449 7770066 157.39 132.23 1747412000 6.53 17789395 40467482 5765543 9310477 120.46 92.43 362730000 6.21 <p id="xdx_845_eecd--NamedExecutiveOfficersFnTextBlock_dU_zB99ehwpHCjh" style="margin-top: 0; margin-bottom: 0"></p> <p style="font: 3pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in"> </p> <p style="font: 3pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in"> </p> <table cellpadding="0" cellspacing="0" style="font: 8pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: -5pt; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 18pt; padding-top: 3pt"><span style="color: rgb(26,26,26)">(1)</span></td> <td style="padding-top: 3pt"><span style="color: rgb(26,26,26)"><span id="xdx_905_eecd--PeoName_c20220101__20221231_zmebk7yieCBl"><span id="xdx_905_eecd--PeoName_c20210101__20211231_zHYIxzL78q32"><span id="xdx_909_eecd--PeoName_c20200101__20201231_zxCyu7a0zEab">A. William Stein</span></span></span> was our PEO from November 24, 2014 to December 13, 2022 (“PEO 1”). <span id="xdx_905_eecd--PeoName_c20230101__20231231_zqweLbAInJD4">Andrew P. Power</span> has been our PEO since December 13, 2022 (“PEO 2”). The individuals comprising the Non-PEO NEOs for each year presented are listed below.</span></td></tr> </table> <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 8pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="padding-bottom: 1px; width: 18pt"> </td> <td style="border-bottom: Black 1px solid; padding-left: 3pt"><b>2020</b></td> <td style="border-bottom: Black 1px solid; width: 5%"> </td> <td style="border-bottom: Black 1px solid; width: 21%"><b>2021</b></td> <td style="border-bottom: Black 1px solid; width: 5%"> </td> <td style="border-bottom: Black 1px solid; width: 21%"><b>2022</b></td> <td style="border-bottom: Black 1px solid; width: 5%"> </td> <td style="border-bottom: Black 1px solid; width: 21%"><b>2023</b></td></tr> <tr style="vertical-align: top"> <td style="padding-bottom: 1px"> </td> <td style="border-bottom: Black 1px solid; padding-left: 3pt">Andrew P. Power</td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid">Andrew P. Power</td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid">Gregory S. Wright</td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid">Gregory S. Wright</td></tr> <tr style="vertical-align: top"> <td style="padding-bottom: 1px"> </td> <td style="border-bottom: Black 1px solid; padding-left: 3pt">Gregory S. Wright</td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid">David C. Ruberg</td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid">Corey J. Dyer</td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid">Matthew Mercier</td></tr> <tr style="vertical-align: top"> <td style="padding-bottom: 1px"> </td> <td style="border-bottom: Black 1px solid; padding-left: 3pt">Erich J. Sanchack</td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid">Gregory S. Wright</td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid">Christopher Sharp</td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid">Christopher Sharp</td></tr> <tr style="vertical-align: top"> <td style="padding-bottom: 1px"> </td> <td style="border-bottom: Black 1px solid; padding-left: 3pt">Christopher Sharp</td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid">Corey J. Dyer</td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid">Cindy A. Fiedelman</td></tr> <tr style="vertical-align: top"> <td style="padding-bottom: 1px"> </td> <td style="border-bottom: Black 1px solid; padding-left: 3pt"> </td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid"> </td> <td style="border-bottom: Black 1px solid">Corey J. Dyer</td></tr> </table> A. William Stein A. William Stein A. William Stein Andrew P. Power <p id="xdx_849_eecd--AdjToPeoCompFnTextBlock_dU_zl777DCiIQB3" style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0"> </p> <p id="xdx_898_eecd--AdjToNonPeoNeoCompFnTextBlock_dU_zkgrtD74ENra" style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_300_z8nbT4KixKx9" style="font: 8pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Pay vs Performance Disclosure"> <tr> <td style="vertical-align: bottom; width: 18pt"> </td> <td style="vertical-align: bottom; padding-left: 3pt"> </td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right"><b>Summary Compensation</b></td> <td style="vertical-align: bottom; width: 3%"> </td> <td style="vertical-align: bottom; width: 22%"> </td> <td style="vertical-align: top; width: 3%; text-align: right"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right"><b>Inclusion</b></td> <td style="vertical-align: top; width: 3%; text-align: right"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right"><b>Compensation</b></td> <td style="width: 3pt"> </td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; padding-left: 3pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"><b>Table Total for</b></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>Exclusion of Stock Awards for</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>of Equity Values for</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>Actually Paid to</b></td> <td> </td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; padding-left: 3pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"><b>Andrew P. Power</b></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"><b>Andrew P. Power</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>Andrew P. Power</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>Andrew P. Power</b></td> <td> </td></tr> <tr> <td style="padding-bottom: 1px; vertical-align: bottom"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; padding-left: 3pt"><b>Year</b></td> <td style="border-bottom: Black 1px solid; vertical-align: bottom"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right"><b>($)</b></td> <td style="border-bottom: Black 1px solid; vertical-align: bottom"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right"><b>($)</b></td> <td style="border-bottom: Black 1px solid; vertical-align: top; text-align: right"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right"><b>($)</b></td> <td style="border-bottom: Black 1px solid; vertical-align: top; text-align: right"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right"><b>($)</b></td> <td style="border-bottom: Black 1px solid"> </td></tr> <tr> <td style="padding-bottom: 1px; vertical-align: bottom"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; padding-left: 3pt">2023</td> <td style="border-bottom: Black 1px solid; vertical-align: bottom"> </td> <td id="xdx_982_eecd--PeoTotalCompAmt_c20230101__20231231__ecd--IndividualAxis__custom--PEO2Member_fKDEp_zdhiseZudLie" style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right">12,355,560</td> <td style="border-bottom: Black 1px solid; vertical-align: bottom"> </td> <td id="xdx_985_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--ExclusionOfStockAwardsForAndrewPPowerMember_zA4R8Lbm8Gqd" style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right">(8,952,335</td> <td style="border-bottom: Black 1px solid; vertical-align: top; text-align: left">)</td> <td id="xdx_98C_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--InclusionOfEquityValuesForAndrewPPowerMember_fKGEp_zzrvTYqYZQfl" style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right">18,896,929</td> <td style="border-bottom: Black 1px solid; vertical-align: top; text-align: right"> </td> <td id="xdx_98D_eecd--PeoActuallyPaidCompAmt_c20230101__20231231__ecd--IndividualAxis__custom--PEO2Member_fKDEpKDMp_zHDKQDJnUI11" style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right">22,300,154</td> <td style="border-bottom: Black 1px solid"> </td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; padding-left: 3pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td> </td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; padding-left: 3pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"><b>Average Summary</b></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"><b>Average Exclusion</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>Average Inclusion</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>Average Compensation</b></td> <td> </td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; padding-left: 3pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"><b>Compensation Table Total</b></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"><b>of Stock Awards</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>of Equity Values</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>Actually Paid to</b></td> <td> </td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; padding-left: 3pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"><b>for Non-PEO NEOs</b></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"><b>for Non-PEO NEOs</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>for Non-PEO NEOs</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>Non-PEO NEOs</b></td> <td> </td></tr> <tr> <td style="padding-bottom: 1px; vertical-align: bottom"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; padding-left: 3pt"><b>Year</b></td> <td style="border-bottom: Black 1px solid; vertical-align: bottom"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right"><b>($)</b></td> <td style="border-bottom: Black 1px solid; vertical-align: bottom"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right"><b>($)</b></td> <td style="border-bottom: Black 1px solid; vertical-align: top; text-align: right"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right"><b>($)</b></td> <td style="border-bottom: Black 1px solid; vertical-align: top; text-align: right"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right"><b>($)</b></td> <td style="border-bottom: Black 1px solid"> </td></tr> <tr> <td style="padding-bottom: 1px; vertical-align: bottom"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; padding-left: 3pt">2023</td> <td style="border-bottom: Black 1px solid; vertical-align: bottom"> </td> <td id="xdx_981_eecd--NonPeoNeoAvgTotalCompAmt_c20230101__20231231_fKDUp_zzZqDYlORUN" style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right">3,688,215</td> <td style="border-bottom: Black 1px solid; vertical-align: bottom"> </td> <td id="xdx_986_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--AverageExclusionOfStockAwardsForNonPEONEOsMember_zBa8gxHxki54" style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right">(2,243,596</td> <td style="border-bottom: Black 1px solid; vertical-align: top; text-align: left">)</td> <td id="xdx_988_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--AverageInclusionOfEquityValuesForNonPEONEOsMember_fKGEp_zG7TTP6atML7" style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right">4,841,021</td> <td style="border-bottom: Black 1px solid; vertical-align: top; text-align: right"> </td> <td id="xdx_986_eecd--NonPeoNeoAvgCompActuallyPaidAmt_c20230101__20231231_fKDYp_zsApWkVSk6k6" style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right">6,285,640</td> <td style="border-bottom: Black 1px solid"> </td></tr> </table> <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"> </p> <div style="border-bottom: Silver 4px solid; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%"><tr><td style="text-align: center; width: 100%"> </td></tr></table></div> <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"></div> <p style="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 18pt; color: #1A1A1A">The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:</p> <p style="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; color: #1A1A1A"> </p> <table cellpadding="0" cellspacing="0" id="xdx_300_zWNxczs6Qr4" style="font: 8pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Pay vs Performance Disclosure"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1px; font-weight: bold; text-align: left; width: 18pt">    </td> <td style="border-bottom: Black 1px solid; padding-left: 3pt; font-weight: bold; text-align: left">Year</td><td style="border-bottom: Black 1px solid; font-weight: bold; width: 1%">  </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 12%">Year-End Fair<br/> Value of Equity<br/> Awards Granted<br/> During Year That<br/> Remained Unvested<br/> as of Last Day of<br/> Year for<br/> Andrew P. Power<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 1%">  </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 12%">Change in Fair<br/> Value from Last<br/> Day of Prior Year<br/> to Last Day of<br/> Year of Unvested<br/> Equity Awards for<br/> Andrew P. Power<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 1%">  </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 12%">Vesting-Date Fair<br/> Value of Equity<br/> Awards Granted<br/> During Year that<br/> Vested During<br/> Year for<br/> Andrew P. Power<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 1%">  </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 12%">Change in Fair<br/> Value from Last<br/> Day of Prior Year<br/> to Vesting Date<br/> of Unvested<br/> Equity Awards <br/> that Vested<br/> During Year for<br/> Andrew P. Power<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 1%">  </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 12%">Fair Value at Last Day<br/> of Prior Year of Equity<br/> Awards Forfeited<br/> During Year for<br/> Andrew P. Power<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 1%">  </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 12%">Value of Dividends<br/> or Other Earnings<br/> Paid on Equity<br/> Awards Not<br/> Otherwise<br/> Included for<br/> Andrew P. Power<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 1%">  </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 12%">Total - Inclusion<br/> of Equity Values<br/> for Andrew<br/> P. Power<br/> ($)</td> <td style="border-bottom: Black 1px solid; text-align: right; width: 3pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1px; text-align: left"> </td> <td style="border-bottom: Black 1px solid; padding-left: 3pt; text-align: left">2023</td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_986_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--YearEndFairValueOfEquityAwardsGrantedDuringYearThatRemainedUnvestedasOfLastDayOfYearForAndrewPPowerMember_z5Tonk0iVeM9" style="border-bottom: Black 1px solid; text-align: right">15,003,788</td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_984_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--ChangeInFairValueFromLastDayOfPriorYearToLastDayOfYearOfUnvestedEquityAwardsForAndrewPPowerMember_ztifI36CQ2n8" style="border-bottom: Black 1px solid; text-align: right">3,595,956</td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_985_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--VestingDateFairValueOfEquityAwardsGrantedDuringYearThatVestedDuringYearForAndrewPPowerMember_zeYjxqs9Aghc" style="border-bottom: Black 1px solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0081">—</span></td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_983_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--ChangeInFairValueFromLastDayOfPriorYearToVestingDateOfUnvestedEquityAwardsThatVestedDuringYearForAndrewPPowerMember_z0AfODxBMhm3" style="border-bottom: Black 1px solid; text-align: right">297,185</td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_98C_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--FairValueAtLastDayOfPriorYearOfEquityAwardsForfeitedDuringYearForAndrewPPowerMember_zxB9Awsmmlcj" style="border-bottom: Black 1px solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0083">—</span></td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_988_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--ValueOfDividendsOrOtherEarningsPaidOnEquityAwardsNotOtherwiseIncludedForAndrewPPowerMember_zPWFFyHhe2L3" style="border-bottom: Black 1px solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0084">—</span></td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_987_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--TotalInclusionOfEquityValuesForAndrewPPowerMember_z4KyRITb6P6b" style="border-bottom: Black 1px solid; text-align: right">18,896,929</td> <td style="border-bottom: Black 1px solid; text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: left"> </td> <td style="padding-left: 3pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1px; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1px solid; padding-left: 3pt; font-weight: bold; text-align: left">Year</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right">Average<br/> Year-End Fair<br/> Value of Equity<br/> Awards Granted<br/> During Year<br/> That Remained<br/> Unvested as of<br/> Last Day of Year<br/> for Non-PEO<br/> NEOs<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right">Average<br/> Change in Fair<br/> Value from Last<br/> Day of Prior Year<br/> to Last Day of<br/> Year of Unvested<br/> Equity Awards for<br/> Non-PEO NEOs<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right">Average<br/> Vesting-Date Fair<br/> Value of Equity<br/> Awards Granted<br/> During Year that<br/> Vested During<br/> Year for<br/> Non-PEO NEOs<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right">Average Change<br/> in Fair Value from<br/> Last Day of Prior<br/> Year to Vesting<br/> Date of Unvested<br/> Equity Awards<br/> that Vested<br/> During Year for<br/> Non-PEO NEOs<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right">Average Fair Value at<br/> Last Day of Prior Year<br/> of Equity Awards<br/> Forfeited During Year<br/> for Non-PEO NEOs<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right">Average Value<br/> of Dividends or<br/> Other Earnings<br/> Paid on Equity<br/> Awards Not<br/> Otherwise<br/> Included for<br/> Non-PEO NEOs<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right">Total - Average<br/> Inclusion of<br/> Equity Values for<br/> Non-PEO NEOs<br/> ($)</td> <td style="border-bottom: Black 1px solid; text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1px; text-align: left"> </td> <td style="border-bottom: Black 1px solid; padding-left: 3pt; text-align: left">2023</td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_986_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--AverageYearEndFairValueOfEquityAwardsGrantedDuringYearThatRemainedUnvestedasOfLastDayOfYearForNonPEONEOsMember_z09oFj8YKgd1" style="border-bottom: Black 1px solid; text-align: right">3,243,906</td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_981_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--AverageChangeInFairValueFromLastDayOfPriorYearToLastDayOfYearOfUnvestedEquityAwardsForNonPEONEOsMember_zNzv8CjnqzSj" style="border-bottom: Black 1px solid; text-align: right">1,174,598</td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_98A_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--AverageVestingDateFairValueOfEquityAwardsGrantedDuringYearThatVestedDuringYearForNonPEONEOsMember_zAZt9H6roeK4" style="border-bottom: Black 1px solid; text-align: right">422,534</td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_98E_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--AverageChangeInFairValueFromLastDayOfPriorYearToVestingDateOfUnvestedEquityAwardsThatVestedDuringYearForNonPEONEOsMember_zJERO6RV8Jti" style="border-bottom: Black 1px solid; text-align: right">157,348</td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_98F_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--AverageFairValueAtLastDayOfPriorYearOfEquityAwardsForfeitedDuringYearForNonPEONEOsMember_znrfhCeOMZ69" style="border-bottom: Black 1px solid; text-align: right">(157,365)</td><td style="border-bottom: Black 1px solid; text-align: left"> </td> <td id="xdx_984_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--AverageValueOfDividendsOrOtherEarningsPaidOnEquityAwardsNotOtherwiseIncludedForNonPEONEOsMember_zB3fXljFtAih" style="border-bottom: Black 1px solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0091">—</span></td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_982_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--TotalAverageOfEquityValuesForNonPEONEOsMember_zq9gE0keEoGc" style="border-bottom: Black 1px solid; text-align: right">4,841,021</td> <td style="border-bottom: Black 1px solid; text-align: right"> </td></tr> </table> <p id="xdx_8A3_zIyh5nZLqKwc" style="margin-top: 0; margin-bottom: 0"> </p> <p id="xdx_898_eecd--AdjToNonPeoNeoCompFnTextBlock_dU_zkgrtD74ENra" style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_300_z8nbT4KixKx9" style="font: 8pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Pay vs Performance Disclosure"> <tr> <td style="vertical-align: bottom; width: 18pt"> </td> <td style="vertical-align: bottom; padding-left: 3pt"> </td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right"><b>Summary Compensation</b></td> <td style="vertical-align: bottom; width: 3%"> </td> <td style="vertical-align: bottom; width: 22%"> </td> <td style="vertical-align: top; width: 3%; text-align: right"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right"><b>Inclusion</b></td> <td style="vertical-align: top; width: 3%; text-align: right"> </td> <td style="vertical-align: bottom; width: 15%; text-align: right"><b>Compensation</b></td> <td style="width: 3pt"> </td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; padding-left: 3pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"><b>Table Total for</b></td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>Exclusion of Stock Awards for</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>of Equity Values for</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>Actually Paid to</b></td> <td> </td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; padding-left: 3pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"><b>Andrew P. Power</b></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"><b>Andrew P. Power</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>Andrew P. Power</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>Andrew P. Power</b></td> <td> </td></tr> <tr> <td style="padding-bottom: 1px; vertical-align: bottom"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; padding-left: 3pt"><b>Year</b></td> <td style="border-bottom: Black 1px solid; vertical-align: bottom"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right"><b>($)</b></td> <td style="border-bottom: Black 1px solid; vertical-align: bottom"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right"><b>($)</b></td> <td style="border-bottom: Black 1px solid; vertical-align: top; text-align: right"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right"><b>($)</b></td> <td style="border-bottom: Black 1px solid; vertical-align: top; text-align: right"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right"><b>($)</b></td> <td style="border-bottom: Black 1px solid"> </td></tr> <tr> <td style="padding-bottom: 1px; vertical-align: bottom"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; padding-left: 3pt">2023</td> <td style="border-bottom: Black 1px solid; vertical-align: bottom"> </td> <td id="xdx_982_eecd--PeoTotalCompAmt_c20230101__20231231__ecd--IndividualAxis__custom--PEO2Member_fKDEp_zdhiseZudLie" style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right">12,355,560</td> <td style="border-bottom: Black 1px solid; vertical-align: bottom"> </td> <td id="xdx_985_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--ExclusionOfStockAwardsForAndrewPPowerMember_zA4R8Lbm8Gqd" style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right">(8,952,335</td> <td style="border-bottom: Black 1px solid; vertical-align: top; text-align: left">)</td> <td id="xdx_98C_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--InclusionOfEquityValuesForAndrewPPowerMember_fKGEp_zzrvTYqYZQfl" style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right">18,896,929</td> <td style="border-bottom: Black 1px solid; vertical-align: top; text-align: right"> </td> <td id="xdx_98D_eecd--PeoActuallyPaidCompAmt_c20230101__20231231__ecd--IndividualAxis__custom--PEO2Member_fKDEpKDMp_zHDKQDJnUI11" style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right">22,300,154</td> <td style="border-bottom: Black 1px solid"> </td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; padding-left: 3pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td> </td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; padding-left: 3pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"><b>Average Summary</b></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"><b>Average Exclusion</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>Average Inclusion</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>Average Compensation</b></td> <td> </td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; padding-left: 3pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"><b>Compensation Table Total</b></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"><b>of Stock Awards</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>of Equity Values</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>Actually Paid to</b></td> <td> </td></tr> <tr> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; padding-left: 3pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"><b>for Non-PEO NEOs</b></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; text-align: right"><b>for Non-PEO NEOs</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>for Non-PEO NEOs</b></td> <td style="vertical-align: top; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"><b>Non-PEO NEOs</b></td> <td> </td></tr> <tr> <td style="padding-bottom: 1px; vertical-align: bottom"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; padding-left: 3pt"><b>Year</b></td> <td style="border-bottom: Black 1px solid; vertical-align: bottom"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right"><b>($)</b></td> <td style="border-bottom: Black 1px solid; vertical-align: bottom"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right"><b>($)</b></td> <td style="border-bottom: Black 1px solid; vertical-align: top; text-align: right"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right"><b>($)</b></td> <td style="border-bottom: Black 1px solid; vertical-align: top; text-align: right"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right"><b>($)</b></td> <td style="border-bottom: Black 1px solid"> </td></tr> <tr> <td style="padding-bottom: 1px; vertical-align: bottom"> </td> <td style="border-bottom: Black 1px solid; vertical-align: bottom; padding-left: 3pt">2023</td> <td style="border-bottom: Black 1px solid; vertical-align: bottom"> </td> <td id="xdx_981_eecd--NonPeoNeoAvgTotalCompAmt_c20230101__20231231_fKDUp_zzZqDYlORUN" style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right">3,688,215</td> <td style="border-bottom: Black 1px solid; vertical-align: bottom"> </td> <td id="xdx_986_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--AverageExclusionOfStockAwardsForNonPEONEOsMember_zBa8gxHxki54" style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right">(2,243,596</td> <td style="border-bottom: Black 1px solid; vertical-align: top; text-align: left">)</td> <td id="xdx_988_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--AverageInclusionOfEquityValuesForNonPEONEOsMember_fKGEp_zG7TTP6atML7" style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right">4,841,021</td> <td style="border-bottom: Black 1px solid; vertical-align: top; text-align: right"> </td> <td id="xdx_986_eecd--NonPeoNeoAvgCompActuallyPaidAmt_c20230101__20231231_fKDYp_zsApWkVSk6k6" style="border-bottom: Black 1px solid; vertical-align: bottom; text-align: right">6,285,640</td> <td style="border-bottom: Black 1px solid"> </td></tr> </table> <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"> </p> <div style="border-bottom: Silver 4px solid; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%"><tr><td style="text-align: center; width: 100%"> </td></tr></table></div> <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 10pt"></div> <p style="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 18pt; color: #1A1A1A">The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:</p> <p style="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; color: #1A1A1A"> </p> <table cellpadding="0" cellspacing="0" id="xdx_300_zWNxczs6Qr4" style="font: 8pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Pay vs Performance Disclosure"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1px; font-weight: bold; text-align: left; width: 18pt">    </td> <td style="border-bottom: Black 1px solid; padding-left: 3pt; font-weight: bold; text-align: left">Year</td><td style="border-bottom: Black 1px solid; font-weight: bold; width: 1%">  </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 12%">Year-End Fair<br/> Value of Equity<br/> Awards Granted<br/> During Year That<br/> Remained Unvested<br/> as of Last Day of<br/> Year for<br/> Andrew P. Power<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 1%">  </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 12%">Change in Fair<br/> Value from Last<br/> Day of Prior Year<br/> to Last Day of<br/> Year of Unvested<br/> Equity Awards for<br/> Andrew P. Power<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 1%">  </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 12%">Vesting-Date Fair<br/> Value of Equity<br/> Awards Granted<br/> During Year that<br/> Vested During<br/> Year for<br/> Andrew P. Power<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 1%">  </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 12%">Change in Fair<br/> Value from Last<br/> Day of Prior Year<br/> to Vesting Date<br/> of Unvested<br/> Equity Awards <br/> that Vested<br/> During Year for<br/> Andrew P. Power<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 1%">  </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 12%">Fair Value at Last Day<br/> of Prior Year of Equity<br/> Awards Forfeited<br/> During Year for<br/> Andrew P. Power<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 1%">  </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 12%">Value of Dividends<br/> or Other Earnings<br/> Paid on Equity<br/> Awards Not<br/> Otherwise<br/> Included for<br/> Andrew P. Power<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 1%">  </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right; width: 12%">Total - Inclusion<br/> of Equity Values<br/> for Andrew<br/> P. Power<br/> ($)</td> <td style="border-bottom: Black 1px solid; text-align: right; width: 3pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1px; text-align: left"> </td> <td style="border-bottom: Black 1px solid; padding-left: 3pt; text-align: left">2023</td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_986_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--YearEndFairValueOfEquityAwardsGrantedDuringYearThatRemainedUnvestedasOfLastDayOfYearForAndrewPPowerMember_z5Tonk0iVeM9" style="border-bottom: Black 1px solid; text-align: right">15,003,788</td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_984_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--ChangeInFairValueFromLastDayOfPriorYearToLastDayOfYearOfUnvestedEquityAwardsForAndrewPPowerMember_ztifI36CQ2n8" style="border-bottom: Black 1px solid; text-align: right">3,595,956</td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_985_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--VestingDateFairValueOfEquityAwardsGrantedDuringYearThatVestedDuringYearForAndrewPPowerMember_zeYjxqs9Aghc" style="border-bottom: Black 1px solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0081">—</span></td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_983_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--ChangeInFairValueFromLastDayOfPriorYearToVestingDateOfUnvestedEquityAwardsThatVestedDuringYearForAndrewPPowerMember_z0AfODxBMhm3" style="border-bottom: Black 1px solid; text-align: right">297,185</td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_98C_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--FairValueAtLastDayOfPriorYearOfEquityAwardsForfeitedDuringYearForAndrewPPowerMember_zxB9Awsmmlcj" style="border-bottom: Black 1px solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0083">—</span></td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_988_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--ValueOfDividendsOrOtherEarningsPaidOnEquityAwardsNotOtherwiseIncludedForAndrewPPowerMember_zPWFFyHhe2L3" style="border-bottom: Black 1px solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0084">—</span></td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_987_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--PeoMember__ecd--AdjToCompAxis__custom--TotalInclusionOfEquityValuesForAndrewPPowerMember_z4KyRITb6P6b" style="border-bottom: Black 1px solid; text-align: right">18,896,929</td> <td style="border-bottom: Black 1px solid; text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: left"> </td> <td style="padding-left: 3pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td><td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1px; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1px solid; padding-left: 3pt; font-weight: bold; text-align: left">Year</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right">Average<br/> Year-End Fair<br/> Value of Equity<br/> Awards Granted<br/> During Year<br/> That Remained<br/> Unvested as of<br/> Last Day of Year<br/> for Non-PEO<br/> NEOs<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right">Average<br/> Change in Fair<br/> Value from Last<br/> Day of Prior Year<br/> to Last Day of<br/> Year of Unvested<br/> Equity Awards for<br/> Non-PEO NEOs<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right">Average<br/> Vesting-Date Fair<br/> Value of Equity<br/> Awards Granted<br/> During Year that<br/> Vested During<br/> Year for<br/> Non-PEO NEOs<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right">Average Change<br/> in Fair Value from<br/> Last Day of Prior<br/> Year to Vesting<br/> Date of Unvested<br/> Equity Awards<br/> that Vested<br/> During Year for<br/> Non-PEO NEOs<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right">Average Fair Value at<br/> Last Day of Prior Year<br/> of Equity Awards<br/> Forfeited During Year<br/> for Non-PEO NEOs<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right">Average Value<br/> of Dividends or<br/> Other Earnings<br/> Paid on Equity<br/> Awards Not<br/> Otherwise<br/> Included for<br/> Non-PEO NEOs<br/> ($)</td><td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right"> </td> <td style="border-bottom: Black 1px solid; font-weight: bold; text-align: right">Total - Average<br/> Inclusion of<br/> Equity Values for<br/> Non-PEO NEOs<br/> ($)</td> <td style="border-bottom: Black 1px solid; text-align: right"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1px; text-align: left"> </td> <td style="border-bottom: Black 1px solid; padding-left: 3pt; text-align: left">2023</td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_986_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--AverageYearEndFairValueOfEquityAwardsGrantedDuringYearThatRemainedUnvestedasOfLastDayOfYearForNonPEONEOsMember_z09oFj8YKgd1" style="border-bottom: Black 1px solid; text-align: right">3,243,906</td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_981_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--AverageChangeInFairValueFromLastDayOfPriorYearToLastDayOfYearOfUnvestedEquityAwardsForNonPEONEOsMember_zNzv8CjnqzSj" style="border-bottom: Black 1px solid; text-align: right">1,174,598</td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_98A_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--AverageVestingDateFairValueOfEquityAwardsGrantedDuringYearThatVestedDuringYearForNonPEONEOsMember_zAZt9H6roeK4" style="border-bottom: Black 1px solid; text-align: right">422,534</td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_98E_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--AverageChangeInFairValueFromLastDayOfPriorYearToVestingDateOfUnvestedEquityAwardsThatVestedDuringYearForNonPEONEOsMember_zJERO6RV8Jti" style="border-bottom: Black 1px solid; text-align: right">157,348</td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_98F_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--AverageFairValueAtLastDayOfPriorYearOfEquityAwardsForfeitedDuringYearForNonPEONEOsMember_znrfhCeOMZ69" style="border-bottom: Black 1px solid; text-align: right">(157,365)</td><td style="border-bottom: Black 1px solid; text-align: left"> </td> <td id="xdx_984_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--AverageValueOfDividendsOrOtherEarningsPaidOnEquityAwardsNotOtherwiseIncludedForNonPEONEOsMember_zB3fXljFtAih" style="border-bottom: Black 1px solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0091">—</span></td><td style="border-bottom: Black 1px solid; text-align: right"> </td> <td id="xdx_982_eecd--AdjToCompAmt_c20230101__20231231__ecd--ExecutiveCategoryAxis__ecd--NonPeoNeoMember__ecd--AdjToCompAxis__custom--TotalAverageOfEquityValuesForNonPEONEOsMember_zq9gE0keEoGc" style="border-bottom: Black 1px solid; text-align: right">4,841,021</td> <td style="border-bottom: Black 1px solid; text-align: right"> </td></tr> </table> 12355560 -8952335 18896929 22300154 3688215 -2243596 4841021 6285640 15003788 3595956 297185 18896929 3243906 1174598 422534 157348 -157365 4841021 <p id="xdx_843_eecd--PeerGroupIssuersFnTextBlock_dU_zHtxDqzllDV5" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 8pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: -40pt; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 18pt; padding-top: 3pt"><span style="color: rgb(26,26,26)">(4)</span></td> <td style="padding-top: 3pt"><span style="color: rgb(26,26,26)">The Peer Group TSR set forth in this table utilizes the MSCI US REIT Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Company’s and Operating Partnership’s Annual Report on Form 10-K for the year ended December 31, 2023. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the MSCI US REIT Index, respectively, assuming that all dividends (if any) were reinvested. Historical stock performance is not necessarily indicative of future stock performance.</span></td></tr> </table> <h3 id="xdx_80C_eecd--CompActuallyPaidVsTotalShareholderRtnTextBlock_dU_za7NBRJo0iAi" style="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt">Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Total Shareholder Return (“TSR”)</h3> <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin-top: 0; text-align: center; margin-bottom: 0"> </p> <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, the Company’s cumulative TSR over the four most recently completed fiscal years, and the Peer Group TSR over the same period.</p> <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0"> </p> <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin-top: 0; text-align: center; margin-bottom: 0"><b>PEO and Average Non-PEO NEO Compensation Actually Paid Versus TSR</b></p> <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin-top: 0; text-align: center; margin-bottom: 0"><b> </b></p> <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin-top: 0; text-align: center; margin-bottom: 0"><img alt="" src="ldlr008x86x1.jpg"/></p> <h3 id="xdx_807_eecd--CompActuallyPaidVsNetIncomeTextBlock_dU_zAJveobAYuIg" style="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt">Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Net Income</h3> <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0"> </p> <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Net Income during the four most recently completed fiscal years.</p> <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin-top: 0; text-align: center; margin-bottom: 0"> </p> <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin-top: 0; text-align: center; margin-bottom: 0"><b>PEO and Average Non-PEO NEO Compensation Actually Paid<br/> Versus Net Income</b></p> <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin-top: 0; text-align: center; margin-bottom: 0"><b> </b></p> <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin-top: 0; text-align: center; margin-bottom: 0"> <img alt="" src="ldlr008x86x2.jpg"/></p> <h3 id="xdx_802_eecd--CompActuallyPaidVsCoSelectedMeasureTextBlock_dU_zFxyO5pBKl6f" style="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt">Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Core Funds From Operations Per Share</h3> <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0"> </p> <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, and our <span id="xdx_90C_eecd--CoSelectedMeasureName_c20230101__20231231_zLgF4U6L53R7">Core FFO</span> during the four most recently completed fiscal years. Core FFO is a non-GAAP metric. A reconciliation of net income to FFO and FFO to Core FFO is available in the Appendix of this Proxy Statement.</p> <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin-top: 0; text-align: center; margin-bottom: 0"> </p> <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin-top: 0; text-align: center; margin-bottom: 0"><b>PEO and Average Non-PEO NEO Compensation Actually Paid<br/> Versus Core Funds From Operations Per Share</b></p> <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin-top: 0; text-align: center; margin-bottom: 0"> </p> <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin-top: 0; text-align: center; margin-bottom: 0"><img alt="" src="ldlr008x87x1.jpg"/></p> Core FFO <p id="xdx_809_eecd--TabularListTableTextBlock_dU_zgbxgAwvkxZi" style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0">The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEO and Non-PEO NEOs for 2023 to Company performance. The measures in this table are not ranked.</p> <p style="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_300_zUv3uQKTdo7i" style="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Pay vs Performance Disclosure"> <tr style="vertical-align: top"> <td style="width: 34%"> </td> <td style="border-top: Black 1px solid; border-bottom: Black 1px solid; width: 32%; text-align: center">  <span id="xdx_90E_eecd--MeasureName_c20230101__20231231__ecd--MeasureAxis__1_fKg_____zRMyTsvfFSv1">Core Funds From Operations Per Share</span>  </td> <td style="width: 34%"> </td></tr> <tr style="vertical-align: top"> <td> </td> <td style="text-align: center"><span id="xdx_908_eecd--MeasureName_c20230101__20231231__ecd--MeasureAxis__2_fKg_____zZYeTScd7LWl">Relative TSR</span></td> <td> </td></tr> <tr style="vertical-align: top"> <td> </td> <td style="border-top: Black 1px solid; border-bottom: Black 1px solid; text-align: center"><span id="xdx_904_eecd--MeasureName_c20230101__20231231__ecd--MeasureAxis__3_fKCop_zsQEvxcJTs1i">Net Income from Operations</span></td> <td> </td></tr> </table> Core Funds From Operations Per Share Relative TSR Net Income from Operations A. William Stein was our PEO from November 24, 2014 to December 13, 2022 (“PEO 1”). Andrew P. Power has been our PEO since December 13, 2022 (“PEO 2”). The individuals comprising the Non-PEO NEOs for each year presented are listed below. The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s PEOs or Non-PEO NEOs. These amounts reflect the compensation reported in the “Total” column of the Summary Compensation Table Total for the applicable fiscal year with certain adjustments (which, for fiscal year 2023, are described in footnote 3 below). Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEOs and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the “Stock Awards” column of the Summary Compensation Table. The Peer Group TSR set forth in this table utilizes the MSCI US REIT Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Company’s and Operating Partnership’s Annual Report on Form 10-K for the year ended December 31, 2023. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the MSCI US REIT Index, respectively, assuming that all dividends (if any) were reinvested. Historical stock performance is not necessarily indicative of future stock performance. We determined Core FFO to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in 2023. Core FFO may not have been the most important financial performance measure for prior years and we may determine a different financial performance measure to be the most important financial performance measure in future years. Core FFO is a non-GAAP metric. A reconciliation of net income to FFO and FFO to Core FFO is available in the Appendix of this Proxy Statement.